The event started on Friday with the Kinavai at the Rabaul Memorial Park followed by the canoe race and the Go Go Cola Float parade on Saturday.
The Float Parade involved more than 100 business houses parading around Rabaul town.
The festival will end today with a liturgy service to commemorate the volcanic eruptions in 1994.
Today marks 21 years since the eruption.
The organiser, Rabaul History Society has thanked the following sponsors for supporting the 2016 Frangipani Festival.
The sponsors include: Agmark Shipping; Barlow Industries; BNG Trading; BSP, Coastal Shipping, Consort Shipping, Digicel, ENB Ports / ENBDC shore, ENB Tourism Authority, Haus Mit, Hon. Dr Allan Marat, Hon. Governor Ereman To’Baining, JJS Holdings, Kilpest, Kokopo Village Resort, Laga Industries, Malaguna Secondary School, MASS PNG, McGrade Family, Moore Printing, Pacific Assurance Group, Pacific Industries, Pacific Towing, PNG Air, PNG Stationary, Post Courier, Loop PNG, Rabaul Hotel, Rabaul Yacht Club, RAMS, RULLG, SP Brewery, Tower Insurance, Trukai Industries and VITA Water.